Ensurance pursues distribution models to drive growth
06 March 2023
Underwriting agency Ensurance will continue to pursue new and alternative distribution models to grow its Australian business, it says in a half-year earnings release...
Corporate
CBN commits to carbon-neutral status
06 March 2023
Community Broker Network has announced that it is “officially carbon neutral” as part of its ongoing Environmental, Social, and Governance strategy to promote sustainability...
Tower receives 7525 claims from Auckland floods, Cyclone Gabrielle
06 March 2023
Tower says record flooding that struck Auckland and surrounds January 27 has resulted in 5325 claims, while damage caused by Cyclone Gabrielle last month triggered a further 2200...
'Extremely strong': Steadfast says growth beats expectations
27 February 2023
Steadfast says its business is growing beyond its forecasts as it lifted its full-year earnings guidance and prepares to deploy a $227 million acquisition war chest...
PSC starts NSW branch, raises outlook after December half earnings grew
27 February 2023
PSC Insurance Group has created a NSW broking branch as the Melbourne-based broker readies for what it says will be another “really positive” year for the business after a strong December half...
Acquisitions, rate rises drive AUB earnings growth
27 February 2023
AUB Group says premium rate rises are the “cream on top” as acquisitions and improved performance from existing operations drive stronger earnings...
AMA looks to reset as new deal nears for Suncorp crash repairs
27 February 2023
AMA Group says it’s preparing to enter negotiations with Suncorp for a new pricing agreement that will better assist its Capital Smart crash repair business in a rising-cost environment...
Nib travel arm returns to black with 'strongest' half-year earnings
27 February 2023
Nib Holdings’ covid-hit travel insurance arm posted its best ever half-year results since the company entered the market in 2015, confirming the strength of the recovery from the pandemic fallout...
Top LMI provider 'well prepared' for economic changes
27 February 2023
Helia Group – formerly known as Genworth Mortgage Insurance Australia – has posted a rise in annual profit but says net claims incurred will increase going forward in the face of higher interest rates, falling property values and a modest uptick in unemployment...
GCube scales up as demand for renewable energy coverage grows
27 February 2023
Renewable energy underwriter GCube Insurance is building up its operations here, almost a year after entering the Australian market by way of an office in parent company Tokio Marine’s premises in Sydney...
QBE pursues consistency as earnings rise
20 February 2023
QBE Insurance Group says it will continue to pursue cross-divisional opportunities and consistency as it looks to drive growth amid an environment that remains challenging...
Coverforce Partners aims for further growth under new CEO
20 February 2023
Coverforce Partners is set to enter its “next growth phase” after appointing Allianz Australia National Relationship Manager James Stanley as its new CEO, effective from February 22...
Lockton launches local affinity schemes business
20 February 2023
Lockton has launched an affinity schemes business in Australia, New Zealand and the Pacific, offering customised insurance for franchises, associations, sports, trade groups, non-profits and professional organisations...
Steadfast bumps up earnings guidance
20 February 2023
Steadfast has dialled up its earnings outlook after reviewing its preliminary trading results in the first seven months of the 2022/23 financial year...
Tysers, robust trading boost AUB performance
20 February 2023
AUB Group will this week report a stronger-than-expected first-half result boosted by the landmark Tysers’ acquisition and robust trading in November and December...
Tower pegs Auckland flood cost at up to $114 million, cuts guidance
20 February 2023
Tower estimates claims related to floods in Auckland that began January 27 will cost it $NZ95-125 million, and says it has also received almost 1000 claims so far for damage caused by Cyclone Gabrielle last week...
Former CFO returns as TravelCard gears up for return
20 February 2023
TravelCard says former CFO Daniel Taback has returned ahead of the insurer’s resumption of business in the second quarter...
Johns Lyng trims board in changes 'consistent with best practice'
20 February 2023
Johns Lyng Group is trimming the size of its board and changing its weighting toward independents, with company executives Lindsay Barber and Philippa Turnbull resigning as directors effective from the start of next month...
Premiums to drive IAG stronger second half after inflation hit
13 February 2023
IAG has forecast a stronger second half as it puts through double-digit pricing increases in response to an inflation rate that accelerated faster than expected in the first six months...
Reinsurance, inflation to keep driving Suncorp pricing
13 February 2023
Suncorp says strong premium growth is set to continue following gains put through in the first half in response to accelerating inflation and amid impacts from continuing natural disasters...